SMR Jewels FY26 Net Profit Rises 130% to ₹24.75 Crore

Revenue from Operations: ₹43,236.66 lakh (₹432.37 crore) vs. ₹26,325.18 lakh in FY25
Total Revenue: ₹43,236.66 lakh
Total Expenditure: ₹39,955.47 lakh
Profit Before Tax: ₹3,281.18 lakh (₹32.81 crore) vs. ₹1,455.50 lakh in FY25
Tax Expense: ₹806.33 lakh
Profit After Tax: ₹2,474.85 lakh (₹24.75 crore) vs. ₹1,076.54 lakh in FY25
EPS (Basic & Diluted): ₹16.89 vs. ₹7.35 in FY25

Current Ratio: 3.31 (3.66)
Debt Equity Ratio: 0.35 (0.35)
Return on Equity: 66.65% (72.01%)
Net Profit Ratio: 5.72% (4.09%)
Return on Capital Employed: 59.64% (48.47%)

Date: Thursday, September 24, 2026
Time: 11:00 AM IST
Mode: Video Conferencing/Other Audio-Visual Means
Record Date: September 17, 2026
E-voting Period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)

1. Adoption of audited standalone financial statements for FY ended March 31, 2026

2. Re-appointment of Jainil Virendra Soni (DIN: 09629920) as Whole Time Director retiring by rotation

3. Appointment of Virendra Ramanlal Soni (DIN: 08266860) as Director-cum-Chairman

4. Appointment of M/s. Govil Rathi & Associates as Secretarial Auditor for 5 years (FY2026-27 to FY2030-31)

5. Approval of related party transactions with Ekatva Jewels involving ₹50 crore (₹25 crore sales and ₹25 crore purchases)

Bonus Shares: Allotted 97,69,162 bonus equity shares on August 6, 2025
IPO: Completed in June 2026 with issuance of 49,80,000 equity shares of face value ₹10 at ₹128 per share (including premium of ₹118)
Fresh Issue: 40,00,000 shares aggregating ₹51.20 crore
Offer for Sale: 9,80,000 shares aggregating ₹12.54 crore
Total proceeds: ₹63.74 crore
Listing: BSE SME platform from June 8, 2026
Current Share Capital: ₹14.65 crore (1,46,53,743 shares)

Ms. Sangita Rajpurohit as Company Secretary and Compliance Officer (from April 26, 2025)
Ruta Rohankumar Soni as Non-Executive Independent Director (from June 23, 2025)

Mr. Suraj Bohra as Company Secretary and Compliance Officer (from April 1, 2025)
Ekta Ankit Patel as Non-Executive Independent Director (from June 13, 2025)

Ekatva Jewels (Related Concern):

Proposed transactions for FY2026-27: Sales of goods ₹25 crore, Purchases of goods ₹25 crore
Nature: Entities controlled by Directors/Relatives of Directors
Pricing: Arm's length basis, market value
Board approval date: April 5, 2025

Prescribed CSR Expenditure: ₹14.62 lakh (2% of average net profit)
Total CSR Spent: ₹19.22 lakh (including ₹4.60 lakh surplus from previous year)
Recipients: Shreenathji Education Trust (₹14.62 lakh) and SMR Foundation (₹4.60 lakh)
Focus Areas: Education, Medical, Eradicating hunger, poverty and malnutrition

Inventory Value: ₹55.57 crore (₹24.01 crore in FY25)
Trade Receivables: ₹21.47 crore (₹7.65 crore in FY25)
Employee Strength: 25 permanent employees
Business: Designer Heritage Jewellery blending traditional craftsmanship with modern aesthetics